Virginia Pedestrian Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Pedestrian Accident Loans in Virginia?
A pedestrian accident loan is a type of pre-settlement fund provided by companies like LawsuitLoans.io. This fund assists plaintiffs involved in pedestrian accidents as they wait for the resolution of their personal injury lawsuits. Rather than a typical loan, it’s an advance on an expected settlement payout.
Here’s how it works: After a person has been injured in a pedestrian accident and initiates a lawsuit, there may be a significant period of waiting for the case to settle. This can potentially cause financial strain as injured persons are often unable to work and have additional medical bills. A pedestrian accident loan exists to tide these plaintiffs over until their cases are resolved.
Pedestrian accident loans are non-recourse advances. What this means is that if, for some reason, the plaintiff does not win their lawsuit, they owe nothing back to the funding company. These funds are advanced based on the estimated value of the future settlement, ensuring that claimants can maintain their financial stability during the legal process.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Virginia
Understanding the key factors about car accident loans in Virginia can help you make informed decisions about your lawsuit financing options. Here’s an overview of some important figures to take into consideration:
| Average car accident loan amount by LawsuitLoans.io in Virginia | $6,458.00 |
| Largest car accident loan by LawsuitLoans.io in Virginia | $32,695.00 |
| Average interest rate in Virginia | 21.0% |
| Median personal injury verdict in Virginia | $24,720.00 |
| Virginia statute of limitations | 2 Years; Title 8.01 Section 8.01-243 |
| Virginia fault laws | Virginia is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Pedestrian Accident Loan in Virginia?
Many victims of pedestrian accidents might consider securing a lawsuit loan while awaiting their settlements. But what are the criteria to be eligible for one? The basic conditions to qualify for an accident lawsuit loan from LawsuitLoans.io are quite simple and straightforward.
The first criterion is that you must have a valid legal claim against an insurance company or a self-insured entity. This means it should be proved that the insured party was at fault for your accident. If you meet this condition, you’re already one step closer to qualifying for a lawsuit loan.
Secondly, you must have an attorney representing you on a contingency basis. This arrangement implies that your lawyer will not charge you until and unless your case wins. A contingency agreement with your attorney signifies that your case has substantial merit, which increases your chances of receiving a lawsuit loan.
And last but not least, you must be 18 years old to be considered eligible for a pedestrian accident loan. Underage individuals cannot enter into a contract for a lawsuit loan as per the laws in Virginia.
In summary, having a valid claim, hiring an attorney on a contingency basis, and being at least 18 years old form the bedrock of qualifications necessary to obtain a pedestrian accident loan in Virginia.
Types of Pedestrian Accident Claims in Virginia
In the bustling state of Virginia, pedestrian accidents happen more often than we’d like to admit. It’s important to know what types of pedestrian accidents you may encounter and how they could potentially affect your lawsuit. Notably, understanding fault laws in Virginia is essential as it has a substantial impact on the chance of success in your legal case.
Let’s take a look at some common types of pedestrian accidents:
- Hit and Run Accidents: This type of accident occurs when a driver hits a pedestrian and then leaves the scene without stopping to help or report the incident. It’s not only callous but also illegal.
- Vehicular Accidents: These incidents involve a vehicle hitting a pedestrian. Causes could include speeding, ignoring traffic signals, or distracted driving.
- Bicycle Accidents: Sometimes, cyclists fail to yield to pedestrians, causing accidents. Bicyclists must abide by the same rules as drivers when it comes to pedestrian right-of-way.
In Virginia, the fault concept used in pedestrian accident cases is ‘contributory negligence’. This means that if you’re even slightly at fault (as little as 1%), you may not be entitled to any compensation from the other party. Therefore, proving that the other party was 100% at fault for your injuries becomes crucial for success in your lawsuit. The precise circumstances of your accident will largely determine whether you meet this criteria.
At LawsuitLoans.io, we understand that waiting for your case to resolve can be tough. We offer pre-settlement funding to plaintiffs on their roadway to justice. Feel free to reach out to us at our toll-free number, (800) 340-4973.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example: a plaintiff in Virginia has a pedestrian accident case with a $300,000 estimated value. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and as a result, the plaintiff would receive around $100,000. In such a scenario, we can advance approximately 25% of that amount or $25,000.
Roadway Accident Cases we Fund in Virginia
At LawsuitLoans.io, we provide funding for almost any type of roadway accident case in Virginia. Here are some examples:
- Bicycle Accident Loans: We fund lawsuits involving bike accidents caused by negligent or reckless drivers.
- Car Accident Loans: If you’re involved in a car accident claim, we offer pre-settlement funding.
- Commercial Vehicle Accident Loans: We provide help for those hurt due to the negligence of commercial vehicle drivers.
- Government Vehicle Accident Loans: If you’re engaged in a lawsuit against a government agency following an accident, we can assist with pre-settlement funding.
- Motorcycle Accident Loans: Motorcyclists who have suffered injury due to an accident may be eligible for our lawsuit funding services.
- Pedestrian Accident Loans: If you’ve been hit as a pedestrian and are seeking compensation, we can help with lawsuit loans.
- Rideshare Accident Loans: We offer funding for those involved in accidents with rideshare companies like Uber and Lyft.
- Semi-Truck Accident Loans: Those injured in semi-truck accidents can apply for our pre-settlement funding.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Virginia
LawsuitLoans.io provides funding throughout Virginia. See more about our funding in Virginia by visiting the city pages below:
Other Cases we Fund in Virginia
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Virginia. Read more about the personal injury cases we fund in Virginia here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Virginia here: